Problem #5 Liquidity Ratios You have been asked to evaluate the liquidity position of Burgos Fitness Center. The following data are from Burgos' annual report: P130,000 60,000 156,000 214,000 Cash Trading Investments Accounts Receivable: Jan. 1 Dec. 31 Merchandise Inventory Jan. 1 Dec. 31 Current Liabilities Cost of Goods Sold Credit Sales 252,000 186,000 240,000 3,000,000 5,000,000 Required: Using these data, calculate Burgos 1. Working capital 2. Current ratio 3. Quick ratio 4. Inventory turnover 5. Accounts receivable turnover 6. Average age of receivables